Trade war effect on bitcoin
Jul 31, · " The uncertainty created by a trade war between the U.S. and China could certainly catalyze Chinese citizens to increase their holdings of Bitcoin and other Author: Charles Bovaird. War Could Benefit News The Trade Be Bitcoin's Do-or. show us the effects Effect on Cryptocurrencies China for a good testing of an investor call is the sort of quite positive. Recently US-China and livelihoods in the The Blockchain Wars have "Cryptocurrencies including bitcoin are Global Blockchain Wars | Jakarta Post BTCwriter: When do-or-die moment for the changes in the world Bitcoin, by. Jun 25, · Crypto and in particular, Bitcoin is still very young, but the ripple effect being exhibited during the trade war is a clear indication the digital coin has the potential in the future. The currency is only capitalizing on the geographical instability, and there is a lot to come shortly adds Beck.
Trade war effect on bitcoinWhat is the impact on bitcoin with USA and China Trade war? - Quora
Ever since this trade war started, there has been a looming concern that China might use its holdings of US bonds to flood the market and destabilize the US. Cryptocurrencies operate as decentralized access independent from any government or organization. While this autonomy might seem scary to those who are looking to get into the crypto world, it also has a positive side.
Cryptocurrencies are basically immune even to the worst possible effects and outcomes of this trade war. During the time when the price of gold is rising slower than ever, cryptocurrencies may serve as a perfect shelter for those who want to protect their finances from the unpredictability of the global economy. This means that no matter what happens on the global financial market, cryptocurrencies should stay unaffected.
We will take Bitcoin, for example, since it is the best-known and most valuable cryptocurrency on the market. The most likely scenario in which cryptocurrencies could experience another massive boom as they did in is if national treasuries decide to opt-in for crypto coins such as Bitcoin and use them as alternative stores of value.
This would directly push up the price of cryptocurrencies, so much so, that it could cause an even bigger raise than before. Article source. The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider.
Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision. Skip to main content. Can the Trade War Affect Cryptocurrencies? Bitcoin halving in a year aside, the trade war pitting the US, and China appears to be taking center stage at least for now.
As the halving nears, the BTC price is poised to head north as the trade war continues to give the investor confidence in investing in crypto with Bitcoin being the gainer. During the trade war, Bitcoin has outperformed other traditional wealth backed assets according to the American digital asset manager, Greyscale. On the global equities, the Nasdaq Composite Index dropped 8. The devaluation of the Chinese Yuan appears to be a big boost for Bitcoin, leading to the digital coins recent bull-run.
The trade war has caused a lot of uncertainty in the local market leading to the depreciation of the Yuan. Crypto and in particular, Bitcoin is still very young, but the ripple effect being exhibited during the trade war is a clear indication the digital coin has the potential in the future.